Oil prices breaking below multi year lows

With another light calendar, much of the FX price action has been a continuation of the fallout from last week’s OPEC meeting. WTI and Brent both saw significant weakness throughout the session with futures breaking below USD 37/bbl and USD 40/bbl respectively to reach fresh multi year lows. In line with the softness in energy prices, the likes of CAD, NOK and MXN all saw significant softness against the USD, with USD/NOK reaching its lowest level since March 2002, at which time WTI futures

Useful Searches

Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information contained on this site will generate profits or ensure freedom from losses.